Trying to stay on top of economic numbers and volatile markets requires knowing which marketsand tools are the most appropriate in a given situation. In the currency futures market, the weekly expiring options (“serial options”) offered by the Chicago Mercantile Exchange allow traders to more effectively take advantage of short-term trading opportunities.

Weekly currency options expire on the Friday of the designated week and can be traded one month out from the current week. For example, during the second week of November, you would be able to trade the options expiring on Friday, Dec. 10, which is the second Friday in December. Regular currency options expire the first Friday of each month and can be traded up to a year in the future.